Student Loans

Studying towards a tertiary education is becoming vital as unemployment is on the rise but the costs of getting that education make it difficult for most people to afford a student loan. The banks below offer student loans to help you pay for your tuition and books now so that you can focus on getting the qualification you want. Please note that each year you will need to re-apply for that particular year of study.

Would you like your entire student loan re-paid when you graduate?? Yes, it's possible with this new revolutionary product called Incentiv8

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Student Loan Amounts

From R4,000 upwards Varies Up to R60,000 per year depending on the qualification you are studying towards R3,000 – R150,000

Would you like your entire student loan re-paid when you graduate?? Yes, it's possible with this new revolutionary product called Incentiv8

Reviews

FNB -

Forex

Lianagainsford 21-10-2017

FNB -

Lianagainsford 21-10-2017

ABSA -

11-10-2017

NEDBANK -

2017 30-08-2017

ABSA - online banking

can some one tell me if you can open an account online if you not SA citizen and you live offshore?

ronaldndenda 30-08-2017

ABSA -

ronaldndenda 30-08-2017

ABSA - Student loan

Can i be please granted with a student loan i need to further my studies next year.

Moshiliabne 21-08-2017

FNB - Credit Card Fraud on a card i hadn't received yet

I upgraded my credit card and fraud happened on the card that was still with the couriers and they had linked my cheque card to that card as well and transactions were done also from the cheque account. My question was who linked my cheque card to a credit card that i hadn't received yet and i was given lousy excuses, no apology from the bank what so ever. I then decided to closed both my cheque account and credit card and I want nothing to do with the bank anymore. They might have the best self service channels but their contact centre sucks. bad service, consultant drop calls and are very rude. I wonder if tehy listen to their calls or if they have Quality Assurance. But hey i'm happy with the bank i choose after them. They treat me like i'm their only customer.

18-08-2017

CAPITEC BANK -

Kati 02-08-2017

ABSA -

27-07-2017

ABSA -

27-07-2017

Standard Bank -

27-07-2017

Standard Bank -

27-07-2017

ABSA -

27-07-2017

ABSA -

27-07-2017

ABSA -

27-07-2017

ABSA -

27-07-2017

ABSA -

27-07-2017

ABSA -

27-07-2017

ABSA -

27-07-2017

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Compare Student Loans

The cost of going to university and furthering your education is not a cheap endeavour, but tertiary education can be vital to getting a job.

You are able to take a student loan to pay for your tertiary education. You can secure student personal loans from four banks which are FNB, Standard Bank, Nedbank and ABSA. You are able to compare student loans between these four providers and pick the student loan that is beneficial to you and suits the needs that you have for university education.

The Wheretobank recommendation

Lets start by comparing interest rates first, producing no clear leader as all rates are farely competitive, falling within more or less the same interest rate bracket. The most important question you need to ask yourself is how big a student loan you are looking for as the upper limits differ across the products being compared above.
Nedbank student loans are limited to R60 000 whereas ABSA provide student loans of up to R150 000.
Please remember that taking out a student loan is a large commitment, one that if used correctly can positively impact your future but if abused can leave you indebted and starting your career on the back foot.

FNB Student loans

A student loan from FNB can be from R4000 and upwards. The interest that you will be charged will depend on the credit profile and the affordability but is usually from 9%.

The interest rate on your loan will have to be paid each month whilst you are studying. After you have completed your studies both the loan and the interest rate will need to be paid each month.

To apply for a student loan from FNB which you can do online or through a branch, make sure that you have the correct documentation ready to make the process more efficient.

Standard Bank Student Loans

The Standard Bank student loan amount can vary and so will the interest rate. The interest rate will then depend on the loan amount that you take as well as on the affordability and credit profile.

Whilst you study the interest rate will have to be paid each month after which the loan and the interest rate will be paid each month once you have completed your studies.

To apply for a student loan from Standard Bank you will fill out a student loan form that you take to a Standard Bank branch with the required documentation or you can apply online for a Standard Bank student loan.

Nedbank Student Loans

Nedbank student loans allow you to loan from R60 000 per year depending on your study qualification. The interest rate at Nedbank for a student loan is 9% for the first year, 8% for the second year and 7% for the third year of your studies.

Nedbank student personal loans required the interest to be paid each month and on completion of your studies the loan and interest will be paid each month. If you are a part time student however the loan and interest will be paid each month.

ABSA Student Loans

ABSA student loan amounts are between R3000 and R150 000 that have an interest rate of 9%.

ABSA requires that you pay the interest rate on your student personal loan each month during your studies. If your studies are less than 12 months you are required to pay both the interest and the loan each month.

You are easily able to compare student loans online via sites like this which will also tell you the documents that you need and where you are able to apply for these student loans.

Comparing student loans is essential to ensure that you are not only getting the best loan but the best interest rate that is affordable.